Senate advances Warsh, Trump’s pick to chair Federal Reserve
The 49-44 procedural vote moves Kevin Warsh closer to confirmation as Fed chair, with a separate Senate vote expected this week.
- On Monday, the Senate voted 49-44 to invoke cloture on Kevin Warsh's nomination to the Federal Reserve Board, advancing the nominee toward a final confirmation vote expected this week.
- The path to confirmation cleared after the Justice Department dropped its investigation into renovation costs at the Federal Reserve's headquarters, leading Senator Thom Tillis to end his opposition.
- During his confirmation hearing, Warsh promised to uphold Fed independence, though he plans "regime change" at the central bank and advocates replacing the core inflation gauge with trimmed-mean measures.
- Senators are expected to confirm Warsh as Fed Chair this week, facilitating a transition from incumbent Fed Chair Jerome Powell, whose leadership term ends Friday, May 15, 2026.
- Critics including Senator Elizabeth Warren warn Warsh could act as a "sock puppet" for President Donald Trump, potentially compromising the central bank's independence amid stagflationary pressures.
21 Articles
21 Articles
JUST IN: Senate Advances Kevin Warsh's Nomination for Federal Reserve Chair
Jerome Powell’s days as Federal Reserve Chair are numbered. Today, President Trump’s nominee Kevin Warsh cleared a significant hurdle in the Senate. In a 49-44 vote, the Senate advanced Kevin Warsh’s nomination. Two Democrats — Sen. John Fetterman and Sen. Chris Coon — joined Republicans to vote in favor of advancing Warsh. ADVERTISEMENT Check it...
Kevin Warsh Nears Confirmation as New Fed Chair Amidst Political Challenges
Kevin Warsh, nominated by President Trump for Fed Chair, advances in Senate confirmation amidst political challenges. The Senate's Republican majority is expected to confirm him, even as Fed independence is tested. Warsh plans significant changes, while Trump's attempts to control the Fed loom large.
Two Democrats join GOP to advance Warsh Fed nomination
Kevin Warsh, President Donald Trump‘s pick to be the next chairman of the Federal Reserve Board of Governors, is one step closer to confirmation. The Senate voted 49-44 Monday to move toward a final vote on Warsh’s nomination to serve on the Fed board, with Sens. John Fetterman (D-PA) and Chris Coons (D-DE) joining Republicans. A separate procedural vote on his nomination to chair the board is expected Tuesday. Sens. Michael Bennet (D-CO), Steve…
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